Search form

Search form

The Supreme Court has determined that Static Control Components, which makes products related to the reuse of toner cartridges, does have standing to pursue a false advertising claim against a company that produces laser printers. The court determined that such claims can be brought when a company has alleged "an injury to a commercial interest in reputation or sales."

Related Summaries

The Federal Reserve approved the capital plans of 25 major banks but rejected proposals from five, including Citigroup. The decisions are part of the Fed's annual health check of big banks. "Looking more broadly at qualitative factors, the [Fed] is making the tests far more rigorous and demanding -- a good thing since capital models are complex and don't always stand up under real stress," said Karen Shaw Petrou of Federal Financial Analytics.

Bank of America has settled claims it sold faulty mortgage bonds to Fannie Mae and Freddie Mac. The $9.3 billion settlement includes $6.3 billion in cash, plus securities to be purchased from Fannie and Freddie. Bank of America and its former CEO Kenneth Lewis also settled a civil suit brought by New York Attorney General Eric Schneiderman. That suit said that Lewis and the bank failed to disclose to shareholders losses at Merrill Lynch before BofA bought the securities firm in 2008.

Sen. Ron Wyden, D-Ore., chairman of the Senate Finance Committee, wants to bring back a long list of tax breaks, including incentives for research and development, that expired in December. Democratic aides expect the committee to revive enough credits and deductions to increase fiscal 2014's budget deficit by almost $50 billion if the proposal is approved.

The most valuable workers are those capable of "winging it with intelligence and confidence," Kris Dunn writes. This means being able to jump in on conversations without having expertise on the subject matter. "Winging it -- and faking it until you make it -- is street code for facilitation," Dunn writes.

A Utah-based construction company will pay $928,000 to settle false-claims allegations stemming from its participation in the Small Business Administration 8(a) program for small, disadvantaged businesses. The government alleged that the contractor entered into an improper joint-venture agreement with a construction company that was also participating in the SBA program in order to gain nine federal contracts from 2003 to 2007.